BRICS Bank appoints Kamath.

Position:Briefs: Continental
 
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The $100bn New Development Bank(NDB), led by Brazil, Russia, India, China and South Africa and better known as the BRICS Bank--has appointed its first president.

KV (Kundapur Vaman) Kamath served as CEO of India's largest private sector bank, ICICI Bank, from 1996 to 2009, overseeing its expansion, before becoming its non-executive chair.

He will now retire from that position to take up his new post at NDB.

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